Ya’ll lookin up the wrong end of the horse. WE need MORE consumption, NOT less! There is a direct relationship between OIL consumption and Wealth creation.
“In percentage terms, the OIL-GDP effect is relatively small, producing losses in the order of
0.5% of GDP for a 10% oil price increase. In absolute terms however, even a 10% oil price
rise produces GDP losses that, could
they have been averted, would significantly offset the cost of increased RE deployment.”
These guys are greenies with an unparalled capacity for looking at data and drawing the wrong conclusions. In this case their dogma is Renewable Energy sources, so they reach a conclusion that suits their dogma. Yes, these are the fools that are starving millions of people thru the use of crop lands to groq OIL substitutes.
That is real stupid, since there is Lots of OIL out there. More OIL then corn. People can eat corn, nobody eats OIL.
Last estimate I saw on the Oil Shale in Colorado was that it would produce billions of barrels, more then OPEC could;
“Unocal operated the last large-scale experimental mining and retorting facility in western United States from 1980 until its closure in 1991. Unocal produced 4.5 million barrels of oil from oil shale averaging 34 gallons of shale oil per ton of rock over the life of the project.”
http://emd.aapg.org/technical_areas/oil_shale.cfm
How many tons of shale rock are there is Colorado?
http://deseretnews.com/dn/view/0,1249,660227927,00.html
Most people think America gets it’s OIL from the ME. It’s gets some, about 1/3.
Canada is the nation that the USA imports most of it’s OIL from. It’s Shale OIL for the most part.
Open ANWR and start digging in Colorado and the USA will be energy independent.
All that prevents that from happening is a few thousand wacked out greenies.
Today is Earth Day. Save the planet, shoot a greenie.
